1)An electricity bill of $550 for June has not been recorded and will not be paid until next month. What adjusting entry is required as of 30 June?

Select one:

a.Debit electricity payable $550; Credit electricity expense $550

b.Debit electricity expense $550; Credit cash $550

c.Debit electricity payable $550; Credit cash $550

d.Debit electricity expense $550; Credit electricity payable $550

2)Invoices representing $5000 of services performed during the month have not been recorded as of June 2019. What adjusting entry is required at the end of June 2019?

Select one:

a.Debit Cash $5000; Credit Accounts receivable $5000.

b.Debit Revenue received in advance $5000; Credit Service revenue $5000.

c.Debit Cash $5000; Credit Service revenue $5000.

d.Debit Accounts receivable $5000; Credit Service revenue $5000.